Artificial Grass Turf Market to Grow at 12% CAGR and APAC to be Fastest Growing till 2019
The global artificial grass turf market is an in-depth analysis by application (Contact sports, Leisure, Landscaping, Hockey and Tennis), geography (Americas, APAC and EMEA) and by vendors.
December 3, 2015 /MarketersMedia/ —
With the advanced technology, vendors developed artificial turf made of softer polyethylene with long fibers. As a result of growing construction activities across the globe, vendors are experiencing an increase in the use of artificial grass turf for residential and commercial properties.
The complete report on global artificial grass turf market report spreads across 51 pages, profiles 6 major leaders and 23 data exhibits is available at http://www.reportsnreports.com/reports/444820-global-artificial-grass-turf-market-market-research-report-2015-2019.html.
According to the market report, the use of artificial grass turf in landscaping is boosting the demand for artificial grass turf in many countries. Its use is very popular in areas where environmental conditions are arid and hostile. The maintenance and operating costs of artificial grass turf are less than those of natural grass. This factor leads to the use of artificial grass turf in many residential and commercial applications. The market research analyst predicts the global artificial grass turf market to grow at a CAGR of 12% during the forecast period.
However, the high setup cost is expected to deter the market growth during the forecast period. The initial cost of installing an artificial grass turf is high and ranges from USD 1.59 to USD 4.00 per square foot depending on the type of artificial turf. Consumers in such regions prefer using the natural grass turf as it is cheaper rather than purchasing the costlier artificial grass turf.
Segmentation by Application: Contact sports, Leisure, Landscaping, Hockey and Tennis
Contact sports accounted for 44% of the market shares during 2014. The use of artificial grass turf for American football has been popular since the 1960′s due to the unfavorable environment conditions in America. Order a Copy of Global Artificial Grass Turf Market – Market Research Report 2015-2019 Report at http://www.reportsnreports.com/purchase.aspx?name=444820.
Geographical Segmentation: Americas, APAC and EMEA
EMEA accounted for the largest market share of around 42% during 2014. Developed countries such as the UK, Germany, and France were the key contributors in this region. However, the research report predicts the region to lose its shares to the APAC region during the forecast period. APAC is anticipated to be the fastest growing region until the end of 2019.
Competitive landscape and key vendors
The global artificial grass turf market is dominated by the key vendors competing on the basis of basis of product differentiation, portfolio, and pricing. Pricing strategies and innovative services among leading companies play a significant role in driving the growth of the market. The research report predicts the competition to intensify during the forecast period due to the increase in product extensions.
The key players in the global artificial grass turf market: CoCreation Grass, FieldTurf, GardenGrass, GrassTex, SYNLawn and The GreenFields.
Other Prominent Vendors in the market are: Artificial Grass, Artificial Lawn Company, Avalon, Challenger Industries, DuPont, Easigrass, Global Syn-Turf, NewGrass, and TigerTurf Americas.
Further, the report states that since artificial grass turf is made of plastic pallets and the grass consists of filaments threaded into the surface, the high temperature generated by this turf is a factor affecting the market growth.
Related Report:
Commercial Turf & Grounds Care Equipment World Report: The Commercial Turf & Grounds Care Equipment World Report Gives Market Consumption / Products / Services For Over 200 Countries By 6 To 10-Digit Naics Product Codes By 3 Time Series: From 1997- 2015 And Forecasts 2016- 2023 & 2023-2028.
Access Commercial Turf & Grounds Care Equipment World Report at http://www.reportsnreports.com/reports/377185-commercial-turf-grounds-care-equipment-world-report.html .
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